This is not a new idea and I've seen it on the web several times but it's the first time that I've actually made my own.
If your princess is like mine, she has a basket full of headbands that are all tangled and messy. Here is our solution:
Simply grab a large container of oatmeal cereal at your local store. There are a few sizes so just make sure you get the one that is "headband-size". :) Empty your oatmeal into a gallon Ziploc bag so you can still use it. Grab your favorite scrapbook papers and cut them to size and wrap your container. We've also added some decorative ribbon to the top, bottom and middle of ours. The nice thing is that you can also store your stretchy headbands inside the container - just open the lid. :)
Hope this helps some of you out there that may be as frustrated as I was with headbands!